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WWE EXECUTIVES REAP STOCK BONUSES

By Steven Fernandes on 2019-02-09 10:49:00

WWE issued various SEC filings about WWE Executives receiving bonus stock due to meeting performance requirements. They include 

Vince McMahon - 81,492 shares

Kevin Dunn - 46,591 shares

Mark Kowal - 81,96 shares

Paul Levesque - 33,296 shares

Stephanie McMahon - 32,015 shares

Michelle Wilson - 40,521 shares

George Barrios - 36,030 shares

WWE also issued another SEC filing relating to Vince McMahon stating, "This Schedule 13D relates to (i) 31,887,375 shares of the Class B Common Stock, $.01 par value per share (“Class B Common Stock”), of World Wrestling Entertainment, Inc. (the “Company” or the “Issuer”) and (ii) 81,492 shares of the Company’s Class A Common Stock, $.01 par value per share (“Class A Common Stock”), subject to service-based vesting and forfeiture, that may be deemed to be beneficially owned by Vincent K. McMahon.  Mr. McMahon beneficially owns approximately 93.2% of the issued and outstanding shares of Class B Common Stock and approximately 82.4% of the Company’s total voting power.  Class B Common Stock is fully convertible into the Company’s Class A Common Stock, on a one-for-one basis, at any time at the option of the holder. Assuming the conversion of the shares of Class B Common Stock beneficially owned by Mr. McMahon as of the date hereof, Mr. McMahon would beneficially own approximately 42.2% of the issued and outstanding shares of the Company’s Class A Common Stock, based on the number of shares of Class A Common Stock outstanding as of February 5, 2019. The number of shares reported herein as beneficially owned by Mr. McMahon excludes 566,670 shares of Class B Common Stock and 100 shares of Class A Common Stock owned by Linda E. McMahon and Mr. McMahon disclaims beneficial ownership of those shares.  In connection with the Company’s initial public offering in 1999, Mr. McMahon acquired his shares of Class B Common Stock through a reclassification and conversion of shares previously owned by Mr. McMahon and no monetary consideration was paid for the shares of Class B Common Stock. The shares of Class A Common Stock owned by Mr. McMahon were acquired pursuant to equity awards granted to Mr. McMahon in his capacity as the Company’s Chief Executive Officer."

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